TSP-77 2010 free printable template

There are two ways to request a partial withdrawal 1. Complete Form TSP-77 and mail it to the TSP. Your request cannot be processed until your agency submits confirmation of your separation to the TSP. THRIFT SAVINGS PLAN TSP-77 REQUEST FOR PARTIAL WITHDRAWAL when separated Participants who are separated from Federal service can use this form to request a one-time partial withdrawal of 1 000 or more from their TSP accounts. Go on to Form TSP-77 2/2010 PREVIOUS EDITIONS OBSOLETE GENERAL...

How to fill out TSP-77

How to fill out TSP-77

1. Obtain the TSP-77 form from the official TSP website or your retirement agency.
2. Fill in your personal information at the top of the form, including your name, Social Security number, and address.
3. Indicate the reason for your withdrawal request by checking the appropriate box.
4. Specify the amount you wish to withdraw and provide any additional details required for your request.
5. Sign and date the form at the bottom.
6. Submit the completed TSP-77 form according to the instructions, either online or via mail.

Who needs TSP-77?

1. Current TSP participants who wish to make a withdrawal from their account.
2. Employees transitioning to retirement or those facing financial hardship.
3. Individuals needing to request a loan or withdrawal for personal reasons.

• Who needs a form TSP-77?
• What is form TSP-77 for?
• Is it accompanied by other forms?
• • When is form TSP-77 due?
  • How do I fill out a form TSP-77?
  • Where do I send it?

Who needs a form TSP-77?

This is a request for a one-time partial withdrawal from a Thrift Savings Plan account. Federal employees of civil and uniformed services have a right to withdraw $1000 or more when they vacate their posts. Instructions inside these forms contain a list of characteristics that eliminate applicant’s eligibility for a one-time withdrawal. They are as follows:

• Applicant’s vested account balance is less than $1000

• Applicant has made a partial withdrawal already. A second withdrawal is not allowed.

• Previously, an age-based in-service withdrawal was made

• An applicant considers re-hiring after separating from Federal service (in case a break lasted less than 31 days).

What is form TSP-77 for?

Form TSP-77 is one of the options for money withdrawal from a TSP account. This form helps applicants who are willing to keep the account. They have an opportunity to obtain a necessary sum without full withdrawal (which is a better option in some cases). To learn more about other options for money withdrawal, visit the TSP’s official website.

Is it accompanied by other forms?

It doesn’t require any attachments.

When is form TSP-77 due?

Applicants are free to request partial withdrawal whenever they want, except for the above-described circumstances. There is no due date for filing form TSP-77.

How do I fill out a form TSP-77?

There are two pages with a detailed questionnaire. Answers to these questions must be complete, honest, and up-to-date. Payment transfers must be revised by the recipient financial institution.

Where do I send it?

The TSP office accepts form 77 by mail or online. Make a copy for you records and send the original to:

Thrift Savings Plan

P.O. Box 385021

Birmingham, Al 35238

Or fax it to 1-866-817-5023.

Instructions and Help about TSP-77

EZE ago and everyone my name is dark IASI I'm the owner of a fast Financial Group and today's topic I want to discuss with you through savings plan withdrawals for retirement and what you essentially need to know to make sure that you're taking out withdraw rose properly when utilizing your through savings plan retirement dollars and also some different things that you could leverage out there to make sure that this is a more smooth transition keep providing lifetime income you know when you do hit that specific retirement age now what is the Thrift Savings Plan and kind of what happens at that later year for when you want to take away draw for retirement what are some of the common mistakes that are made what happens is an individual is placing contributions they're placing dollars into a type of retirement bucket known as their savings plan this is deemed a qualified retirement account through the government through the IRS meaning that all the contributions that this individual is placing into this bucket into essentially this plan is tax-deductible when it goes in and how it grows is going to grow tax-deferred but when it comes time to actually retire and pull this money out it's going to be fully taxable okay that's going to explain a lot of different qualified retirement accounts now what happens is the amount of money that's placed into this bucket that doesn't really distinguish whether this bucket is going to grow or become smaller at the end of the year at the end of the day what determines this growth of how large this bucket is going to grow is the amount of money that you're placing in end however well the interest that you're getting paid on this bucket is performing so what happens is this bucket is tied to a different mutual fund related options you might see this in your thrift savings plans you're going to see the different alpha on the G fund etc all these different funding options within this or savings plan, so it's the amount of money that this individual is placing in how well that that market is going to perform in that given day in that given year and that's what's going to determine the size of that bucket the size of that retirement bucket, so there is a risk associated there when someone's starting off with their job with their employment as a federal employee typically they could take a little more risk and have those mutual funds a little more risky than when they're nearing retirement now this video is meant for the individuals that's looking to take out withdrawals looking to take out retirement dollars, so you have to be very mindful that there's still a risk associated there when you're trying to look for to pull money from this account that's even further a risk than just leaving your money and thinking that it's going to be in a growth phase well what do I mean by that what happens is a many individuals matter many federal employees they become they fall victim to something known as reverse dollar cost...

People Also Ask about

How can I withdraw from TSP without penalty?

Age-59 ½ in-service withdrawals You can only withdraw funds in which you are vested (i.e., funds you are entitled to keep) based on your years of service. The amount of your age-59 ½ withdrawal must be at least $1,000 or your entire vested account balance (even if it's less than $1,000).

What is a TSP-77 form?

TSP-77, Request for Partial Withdrawal When Separated (all prior versions) TSP-79, Change From Monthly Payments to Final Payment (all prior versions) TSP-90, Withdrawal Request for Beneficiary Participants (all prior versions) TSP-73, Change in Monthly Payment Amount (all prior versions)

What is a TSP-77 form?

Participants who are separated from Federal service can use this form to request a one-time partial withdrawal of $1,000 or more from their TSP accounts. You cannot make another partial withdrawal from this TSP account if you have previously made one, or if you have previously made an age-based in-service withdrawal.

How do I withdraw money from my TSP account?

Submit your withdrawal forms directly to the TSP Service Office. To reach the Service Office, call the TSP ThriftLine at 1-TSP-YOU-FRST (1-877-968-3778) or the TDD at 1-TSP-THRIFT5 (1-877-847-4385). Outside the U.S. and Canada, please call 1-504-255-8777.

What form is used for TSP withdrawal?

Form TSP 70 is the form you need to fill up and submit when making a request for a full and immediate withdrawal of your entire vested Thrift Savings Plan (TSP) account balance. The TSP 70 form may be used only after you leave federal employment, and your employing agency confirms your separation from Federal service.

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What is TSP-77?

TSP-77 is a form used to provide information about an individual's Thrift Savings Plan (TSP) account, particularly regarding beneficiary designations.

Who is required to file TSP-77?

Any participant in the Thrift Savings Plan who wishes to designate or change beneficiaries must file the TSP-77 form.

How to fill out TSP-77?

To fill out TSP-77, participants should provide their personal information, select beneficiaries and their relationship to the participant, and sign the form to validate it.

What is the purpose of TSP-77?

The purpose of TSP-77 is to ensure that a participant's TSP account benefits are distributed according to their wishes upon their death.

What information must be reported on TSP-77?

The TSP-77 form requires participants to report their name, Social Security number, the names and details of beneficiaries, and any specific distribution wishes.